Bimaplan - Insurance Placement Manager

What We are Looking For

Bimaplan is seeking an experienced, connected and motivated leader as our Insurance Placement Head. Main responsibility will be to look after insurer relationships. The role entails senior stake holder management, understand risk, negotiate with insurers the pricing terms /condition and lead team member in preparing RFQ's and comparatives for supporting sales team. This is an incredible opportunity to make a meaningful impact on the lives of millions of underserved Indians.

Responsibilities

- Handle all insurer relationships.

- Understand client requirements and work with insurer partners to design group and retail products.

- Design product features, inclusions and exclusions, negotiate pricing, commercials and terms and conditions.

- Execute commercial agreements with insurers ensuring compliance with regulations.

- Evaluating the business risk and identifying viable insurance markets, both life and general insurance.

- Interact with key stakeholders to understand their concerns and identify improvement areas.

- Preparing and completing submission information in consultation with client-facing colleagues.

- Performing follow-ups with insurance companies for the completion of the submission and underwriting process and highlighting the unique characteristics of each risk.

- Business awareness and industry knowledge.

- Guide and update management regarding all regulatory matters.

- Mentor and lead team member.

Qualifications

- 10+ years of relevant work experience in the Insurance industry.

- Insurance professional qualifications will be an added advantage.

- Solid understanding of the insurance market. Strong understanding and knowledge of compliance and regulatory requirements.

- Ability to work under pressure and meet deadlines.

- Demonstrate extensive experience handling life and general insurance programs with an understanding of the insurance act.

- Strong communication and presentation skills, consultative selling, advising, influencing and negotiation skills.

- Understanding of risk management and ability to persuade others to follow best practices.

Benefits

- Be a part of a well-funded, high growth insurtech startup.

- Opportunity to create large scale impact.

- Competitive market salary.

- Health insurance

- Flexible and fun work environment.